Hello,
For a personal project, I will be assessing the impact of economic sanctions on numerous macroeconomic variables (GDP Growth, Imports, Exports, etc.)
I created a database of all of the sanctions events that have taken place since 1960. This data place includes the sanction time length, relevant macroeconomic variables of involved countries, and bilateral trade strength. My idea is to use difference-in-difference methodology in order to assess the impact of the sanction treatment on an economic variable. In my thoughts, I was hoping to analyze the macroeconomic trend five years before the event, the time during the event, and then the effects of 5 years following the event.
A complicated issue that I am facing is that the effect of treatment is not standardized. There are many economic sanctions events that have taken place over the past 60 with varying time lengths. A solution that I thought of is doing a case-by-case basis in which I evaluate the effects of just a single sanctions event against a control of all other non-sanctioned countries in the world. But upon receiving the outputs of these individual DiD cases, I do not know how I would combine them to form any reasonable conclusions.
I'm new to Stata so if someone has an idea as to how I can accomplish this idea, I would greatly appreciate it. On the other hand, if someone has another methodology to analyze the effects of economic sanctions on a macroeconomic variable, I would love to hear!
Thank you,
Ryan T.
For a personal project, I will be assessing the impact of economic sanctions on numerous macroeconomic variables (GDP Growth, Imports, Exports, etc.)
I created a database of all of the sanctions events that have taken place since 1960. This data place includes the sanction time length, relevant macroeconomic variables of involved countries, and bilateral trade strength. My idea is to use difference-in-difference methodology in order to assess the impact of the sanction treatment on an economic variable. In my thoughts, I was hoping to analyze the macroeconomic trend five years before the event, the time during the event, and then the effects of 5 years following the event.
A complicated issue that I am facing is that the effect of treatment is not standardized. There are many economic sanctions events that have taken place over the past 60 with varying time lengths. A solution that I thought of is doing a case-by-case basis in which I evaluate the effects of just a single sanctions event against a control of all other non-sanctioned countries in the world. But upon receiving the outputs of these individual DiD cases, I do not know how I would combine them to form any reasonable conclusions.
I'm new to Stata so if someone has an idea as to how I can accomplish this idea, I would greatly appreciate it. On the other hand, if someone has another methodology to analyze the effects of economic sanctions on a macroeconomic variable, I would love to hear!
Thank you,
Ryan T.
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